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- Crypto analyst Clay attributes the recent upsurge in LUNC to the efforts of the community members to grow the network.
- The analyst said the community has shown more unity in their recent proposal decisions.
- LUNC has led the crypto market in the past 24 hours, following a 72% rise.
In a recent video, Clay, the host of the YouTube channel ClayBro, stated that the upward surge in Terra Classic’s (LUNC) price is proof of the unity within its community members to grow the blockchain.
Indeed, the crypto analyst and reputed member of the Terra Luna community made these statements following a tremendous surge in Terra Classic’s (LUNC) price. According to Clay, the unity within the Terra Luna Blockchain is evidenced by the recent voting patterns on proposals.
In particular, he noted that a recent proposal to resolve the sequence mismatch issue affecting some validators received a unanimous decision. Clay stated that the unanimous support is one of the first in months and shows the willingness of community members to grow the chain.
Furthermore, he pointed to another proposal to reduce the validator set on the network down to 100. As stated in the video, the majority of the community members voted to abstain on the proposal.
Furthermore, he stated that the unity within the community is helping to progress the blockchain while showing the world that the community is united in its decisions. In addition, he mentioned other live proposals that have seen similar voting patterns from the community members.
Meanwhile, Terra Luna (LUNC), in the past 24 hours, has led the crypto market in price gains. The recent rise follows a similar upshoot in sister token USTC last week. At present, the token has soared by over 71% over the previous 24 hours, according to data from CoinMarketCap.
Furthermore, trade volumes have also rocketed, following a 242% increase after the token registered over $1.17 billion. Currently, the token’s market cap sits at $1.57 billion, making it the 43rd-ranked cryptocurrency by market cap. Despite the recent rise, the token is still significantly far from its all-time high of $113 recorded in 2022.
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